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Operating Room Equipment Market Is Expected To Propel Growth Based On Surging Volume Of Surgeries And Technological Innovations In Medical Devices Till 2025: Grand View Research, Inc.

Operating Room Equipment Market Is Expected To Propel Growth Based On Surging Volume Of Surgeries And Technological Innovations In Medical Devices Till 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Global Operating Room Equipment Market size was valued at USD 26.24 billion in 2016 and is projected to grow with CAGR of 7.2% during the forecast period. Aging of the population is also one of the key factors contributing to growth.

Global Operating Room Equipment Market is expected to reach USD 48.50 billion by 2025 according to a new report by Grand View Research, Inc. The market is primarily driven by increasing investments for improving hospital care facilities, rising number of new hospitals & ambulatory care centers, increasing patient preference for minimally invasive procedures, and an increase in the number of surgeries performed globally.

Growing funds & investments by various government bodies and private investors are also contributing to the growth of the market. For instance, in its 2016-17 budget, the Hong Kong government dedicated a provision of USD 200 billion for a ten-year hospital development plan that would help expand and upgrade healthcare facilities. Under the plan, number of operating theaters would increase by 40% and specialist outpatient service capacity would increase by 40% from 6.8 million to 10 million attendances for a year. The development plan also includes redevelopment and expansion of various hospitals in the region.

In addition, a rapid increase in the number of elderly people & rising prevalence of chronic diseases are increasing the demand for surgical interventions and contributing to the expansion of the market. Technological innovations in medical devices are driving the adoption of advanced medical equipment in surgical procedures. Key players are focusing on product innovations and new launches to cope with growing needs.

Furthermore, improving healthcare infrastructure in emerging economies, large patient pool, and untapped opportunities in developing nations are attracting foreign investors to hospitals and the healthcare sector. Thus, growing investments in emerging economies and establishment of new hospitals & healthcare centers are expected to boost growth in the next few years.

Full Research Report on Global Operating Room Equipment Market Analysis:  
http://www.grandviewresearch.com/industry-analysis/operating-room-equipment-market

Operating room equipment market, by product, 2014 – 2025 (USD Billion)

 

Operating room equipment market, by product, 2014 - 2025 (USD Billion)

Further Key Findings From the Report Suggest:

  • The anesthesia devices segment held majority of the revenue share in 2016 due to a rise in the volume of surgical procedures
  • Hospitals dominated the end-use segment in 2016 primarily due to increasing number of hospitals and rising investments in operating theaters
  • North America dominated the global market owing to a rapid increase in geriatric population and rising prevalence of various diseases
  • Some of the key players includeSTERIS plc; Stryker; KARL STORZ GmbH & Co. KG; GE Healthcare; Siemens Healthineers; and Hill-Rom (Trumpf Medical)


View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/medical-devices

Operating room equipment market, by end use, 2016 (%)

 

Operating room equipment market, by end use, 2016 (%)

Grand View Research has segmented the Global Operating Room Equipment Market on the basis of product, end-use, and region:

Operating Room Equipment Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Anesthesia Devices
  • Endoscopes
  • Operating Room Tables
  • Operating Room Lights
  • Electrosurgical Devices
  • Surgical Imaging Devices
  • Patient Monitors
  • Others

Operating Room Equipment End-Use Outlook (Revenue, USD Million, 2014 – 2025)

  • Hospitals
  • Ambulatory Surgical Centers

Operating Room Equipment Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa


View Press Release Of This Report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-operating-room-equipment-market     

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more Information visit: www.grandviewresearch.com

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Website: http://www.grandviewresearch.com/industry-analysis/operating-room-equipment-market